Crypto Stocks MicroStrategy, Coinbase and Marathon Post Just Modest Gains as Bitcoin Eyes Record High
A notable outperformer was bitcoin miner Bitfarms, which nominated a new board member amid its proxy battle with Riot Platforms.
Bitcoin Miner HIVE Poised to Double Its Hashrate by Next Year, Cantor Says Initiating Stock at ‘Overweight’
The broker initiated coverage of HIVE with an overweight rating and $9 price target.
Kraken Picked Optimism’s ‘Superchain’ After Getting a Pile of OP Tokens
Crypto exchange Kraken announced last week that it will build a layer-2 network atop Optimism’s OP Stack blockchain framework. CoinDesk is first to report that the deal was reached early this year, involving a grant of 25 million OP tokens, at the time worth roughly $100 million.
Crypto Ghosted in U.S. Treasury Department’s New Strategy on Financial Inclusion
The U.S. Treasury Department has a new strategy for financial inclusion to help people get access to the financial system, but the 35-page report references cryptocurrency only once – to tout Treasury’s work on flagging the industry’s hazards.
Solana-Based RWA Platform AgriDex Taps Stripe’s Bridge to Lower Cost for Agricultural Trade Settlements
AgriDex is an example of how stablecoins are being increasingly used as a payment vehicle in emerging regions as a cheaper alternative for traditional banking rails.
Bitcoin Project BOB Maps Out How the Original Blockchain Could Take Over DeFi
“If Bitcoin breaks, then so does our industry as a whole, so we might as well use Bitcoin security for cross-chain DeFi,” BOB co-founder Alexei Zamyatin, told CoinDesk.
Kraken Picks Optimism for New Layer-2 Network, Joining Coinbase’s Base on ‘Superchain’
The disclosure comes nearly a year after CoinDesk broke the news that Kraken was considering its own layer-2 network, following the runaway success enjoyed by Base after it launched in mid-2023.
Why Web3 VCs Are Embracing Crypto+AI
Coinbase Ventures is shifting focus away from pure-play crypto investments.
Chainlink Expands to Bitcoin, Helping Original Blockchain With Its Layer-2 Shift
Chainlink’s service is an integral part of many major blockchains but has not featured on Bitcoin until now.
Binance’s Tigran Gambaryan Has Left Nigeria Following 8-Month Detention
After spending eight months detained in the country, the Binance enployee was allowed to leave Kuje prison last night.